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Business Workshop – CO Sales Tax 201 – Managing Sales Tax Licensing And Remittance Records
September 19, 2023 @ 4:00 pm - 5:30 pm
“Just a few short years ago, Colorado received a “D” rating from the Council on State Taxation, ranking Colorado’s sales tax system as one of the worst in the country. The abysmal rankings are a result of a confusing and cumbersome patchwork of 756 geographic areas with different sales tax rates and bases, and 72 home rule cities that require businesses to individually register and remit sales tax. This complicated and challenging sales tax system puts a significant burden on businesses around the state.” Paul Archer, President of the Simplify Colorado Sales Tax coalition and founder/CEO of Automated Business Technologies | cobizmag.com May 24, 2023
In this intermediate workshop, attendees will learn:
• What a Jurisdiction Code is and why it is important
• Best practices for managing collection and remittance records
• How to create a workflow to better manage your collection and remittance processes and records
• How to manage your jurisdiction registration and remittance frequency
